Piku
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Protocol TVL
About Piku
USP is a yield-optimized stablecoin governed by PikuDAO. It launches fully backed 1:1 by USD-denominated stablecoins, and over time the backing is diversified into a basket of on-chain and off-chain yield-generating assets. The yield from these assets increases the underlying value of USP, allowing it to appreciate above its initial $1.00 launch value.
USP functions as a savings-oriented asset with simplified access.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Piku's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL is calculated by multiplying USP stablecoin's total supply with its oracle price (getPriceForIssuance). The oracle price is manually updated and reflects the yield-bearing value of USP backed by USDC.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Piku Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Nov 19, 2025Listed on DeFiLlama
Protocol Profile
Piku operates in the Yield category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Piku is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Piku — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield protocols on Mantapex
Piku is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Piku's own TVL is at the top, middle, or tail of the category.
Treasury
Related protocols
Other DeFi protocols connected to Piku by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Yield protocols
Top protocols on Ethereum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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